Ksh 500,000 loan at ABSA Bank Kenya for 25 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 500,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 6,591. Total cost: Ksh 1,977,276 (Ksh 1,477,276 interest).
Monthly repayment
Ksh 6,591
At 15.48% · 300 payments
Total repayment
Ksh 1,977,276
3.95× the borrowed amount
Total interest
Ksh 1,477,276
Ksh 4,682 more than industry avg
Year-by-year amortisation
How each payment splits between interest and principal over time.
| End of year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | Ksh 1,816 | Ksh 77,275 | Ksh 498,184 |
| Year 2 | Ksh 3,935 | Ksh 154,247 | Ksh 496,065 |
| Year 3 | Ksh 6,405 | Ksh 230,868 | Ksh 493,595 |
| Year 4 | Ksh 9,287 | Ksh 307,078 | Ksh 490,713 |
| Year 5 | Ksh 12,647 | Ksh 382,808 | Ksh 487,353 |
| Year 6 | Ksh 16,566 | Ksh 457,980 | Ksh 483,434 |
| Year 7 | Ksh 21,137 | Ksh 532,500 | Ksh 478,863 |
| Year 8 | Ksh 26,468 | Ksh 606,261 | Ksh 473,532 |
| Year 9 | Ksh 32,685 | Ksh 679,135 | Ksh 467,315 |
| Year 10 | Ksh 39,936 | Ksh 750,975 | Ksh 460,064 |
| Year 11 | Ksh 48,392 | Ksh 821,610 | Ksh 451,608 |
| Year 12 | Ksh 58,254 | Ksh 890,838 | Ksh 441,746 |
| Year 13 | Ksh 69,757 | Ksh 958,427 | Ksh 430,243 |
| Year 14 | Ksh 83,171 | Ksh 1,024,103 | Ksh 416,829 |
| Year 15 | Ksh 98,817 | Ksh 1,087,549 | Ksh 401,183 |
| Year 16 | Ksh 117,063 | Ksh 1,148,394 | Ksh 382,937 |
| Year 17 | Ksh 138,344 | Ksh 1,206,204 | Ksh 361,656 |
| Year 18 | Ksh 163,162 | Ksh 1,260,477 | Ksh 336,838 |
| Year 19 | Ksh 192,107 | Ksh 1,310,623 | Ksh 307,893 |
| Year 20 | Ksh 225,865 | Ksh 1,355,956 | Ksh 274,135 |
| Year 21 | Ksh 265,236 | Ksh 1,395,676 | Ksh 234,764 |
| Year 22 | Ksh 311,153 | Ksh 1,428,850 | Ksh 188,847 |
| Year 23 | Ksh 364,705 | Ksh 1,454,390 | Ksh 135,295 |
| Year 24 | Ksh 427,160 | Ksh 1,471,025 | Ksh 72,840 |
| Year 25 | Ksh 500,000 | Ksh 1,477,276 | Ksh 0 |
Could you get this cheaper?
Currently the cheapest Kenyan lender on this CBK dataset is Citibank N.A. Kenya at 10.36%. The same Ksh 500,000 loan over 25 years would run about Ksh 4,671/month — saving Ksh 575,975 in interest. See the Citibank N.A. Kenya version →